MEDICAL INFORMATION TECHNOLOGY, INC.
OCTOBER 31, 2019
Compared to the second quarter total revenue increased $1.3 million due primarily to escalating product implementations. Operating income decreased $2.2 million due primarily to an extra $3 million trust bonus accrual added to operating expense. Net income increased dramatically due primarily to the sale of a building.
The Board of Directors declared a quarterly cash dividend of $0.56 per share on all of MEDITECH's outstanding common shares payable to holders of record at the close of business on October 28, 2019 with payment of such dividend to be made on Monday, November 11, 2019.
MEDITECH is pleased to provide access to its annual reports on Form 10-K and quarterly reports on Form 10-Q, just as soon as such reports are filed with the SEC. The reports listed below link to copies of the reports stored on MEDITECH's website.
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